CCBA Exam Dumps : Certification of Capability in Business Analysis (CCBA)

According to the BABOK® Guide, opportunity cost is the value of the next best alternative that is forgone as a result of making a decision. In this case, the opportunity cost of choosing the second project for $565,000 is the value of the first project that is not chosen, which is $375,000. This means that the organization is giving up the potential benefit of $375,000 by selecting the second project over the first one. References: BABOK® Guide, page 32; Business Analysis Expert Certification, CCBA® | IIBA®, section “What Should I know to be CCBA Certified?”

• A. It defines the nature of a solution that meets that need: This is a correct activity of enterprise analysis, as it involves defining the scope, objectives, and requirements of the solution that will address the business problem or opportunity.
• B. It identifies business needs, problems, or opportunities: This is a correct activity of enterprise analysis, as it involves understanding the current state of the organization, its goals, and the external and internal factors that affect its performance.
• C. It justifies the investment necessary to deliver that solution: This is a correct activity of enterprise analysis, as it involves assessing the costs, benefits, risks, and feasibility of the proposed solution and presenting a business case that supports the decision to implement it.
• D. It manages and expresses requirements to a broad and diverse audience: This is an incorrect activity of enterprise analysis, as it belongs to another knowledge area, which is requirements communication and management. This knowledge area involves ensuring that the requirements are understood, agreed upon, and controlled by all the stakeholders throughout the project lifecycle.

 According to the BABOK® Guide, elicitation is the process of drawing out, exploring, and identifying information relevant to the change. Elicitation helps the business analyst (BA) to obtain the information needed to understand the current state, define the future state, and determine the requirements for the change. If the BA needs to identify additional information after verifying the accuracy and consistency of the information obtained from the stakeholders, the BA should conduct elicitation activities to gather more information from the appropriate sources. Some of the elicitation techniques are brainstorming, document analysis, interviews, observation, prototyping, and workshops. References: BABOK® Guide, Version 3, Chapter 4: Elicitation and Collaboration, Section 4.2: Conduct Elicitation, Page 82; Chapter 10: Techniques, Section 10.9: Elicitation Techniques, Page 394.